Aston Martin news - Aston back in British hands - 2007

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The
new owner of the luxury marque was today announced as a UK-led consortium
headed by Prodrive boss David Richards. In the consortium along with Richards
are US banker John Sinders and two Kuwait-based investment companies.

The
hugely profitable sports car firm has been sold off by Ford to raise some extra
money for the beleaguered automotive leviathan on the back of $12.7 billion
loss last year.

Ford
has owned the Aston Martin brand for nearly 20 years, taking a 75 per cent
stake in the company in 1987 and assuming full ownership in 1994. The sale is
believed to have boosted its coffers by £479m.

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